Law firm mergers continued to lag behind 2018′s record-shattering pace, according to the latest data collected by consultancy Fairfax Associates.

Fairfax found just 16 completed mergers during the third quarter of 2019 and a total of 46 over the course of the year, down from the 57 completed through the first three quarters of 2018. Furthermore, blockbuster mergers have been absent from the scene, a point illustrated by the collapse of talks between Allen & Overy and O’Melveny & Myers in the middle of the quarter. Eighty percent of the 16 mergers were in the five-to-25-lawyer range.

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